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Nifty ended its three-session winning streak on Wednesday amid selling pressure in IT and consumer stocks. The benchmark index witnessed volatility and low volumes ahead of the Christmas holiday on Thursday, December 25. Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, said Nifty's marginally lower ending was due to profit booking in select sectors. "Overall, we expect Indian equities to trade in a narrow range this week amid a lack of triggers and reduced trading activity due to holidays across several global markets," he said.Here are 2 stock recommendations for Friday:
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Indian markets ended lower in thin pre-Christmas trade as foreign selling and a lack of triggers weighed on sentiment, with Sensex and Nifty slipping marginally. Analysts said trading remained subdued in the holiday-shortened week, though RBI liquidity steps may support markets amid mixed global cues.
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LIC has cut its stake in Hindustan Copper by 2% through open-market sales between August and December, reducing its holding to about 4.1%.
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As nations continue to grapple with humanitarian emergencies, climate chaos and economic inequality, questions are raised over the relevance of the UN and whether the 80-year-old organisation, founded in 1945, has solutions for the problems of a world in flux in the 21st century.
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Markets closed for Christmas, but five broker-recommended stocks offer 7%-16% upside. Key picks include Jio Financial Services, APL Apollo, CEAT, Godrej Consumer, and Belrise Industries. Technical indicators suggest potential breakouts and steady accumulation, making these stocks noteworthy for short-to-medium-term investors.
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